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earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi spell noncommittal whether the cuts will be in the deal. still, the administration is trying to breathe life to the talks, with vice president biden shopping at new costco in washington, picking up a big screen tv and apple pie and insisting he is optimistic of a deal. >> i am. i am. all the folks in the store, man. going to make a difference. >> carney shot down a politico report that a phone call last night between boehner and the president was curt, noting it was 28 minutes long and productive. signaling the president is flexible on taxes not being specific on the new rates. >> i will say there can be no deal without rates on top earners going up. >> that means that the rates do not necessarily have to go up to 39.6. it could be 37 or 38. meaning they might goose that to try to jump-start the deal with republicans. bloomberg reports that the treasury secretary geithner has been saying look, the sky will fall if we fall off the cliff. he has the power to freeze paycheck withh
earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi spell noncommittal whether the cuts will be in the deal. still, the administration is trying to breathe life to the talks, with vice president biden shopping at new costco in washington, picking up a big screen tv and apple pie and insisting he is optimistic of a deal. >> i am. i am. all the folks in the store, man. going to make a difference. >> carney shot down a politico...
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durbin: reserving the right to object. does this apply to second-degree amendments? mr. levin: if there is an amendment filed by 7:30 it could be in the second degree, but it has to be filed tonight by 7:30. the presiding officer: the senator from arizona. mr. kyl: if i would indulge my colleague, apparently there are two people on our side, i would ask if our colleague could withhold that request for the time being and also ask is it not possible if amendments, further amendments can be worked out to be voted on tonight after the two that are scheduled to be voted on, there could be some ooh votes to try to continue to dispose of amendments on the bill. is that correct? mr. levin: the senator is correct. these are not necessarily the last two votes at all. as of now we are still planning on having votes tomorrow. the presiding officer: objection is heard to the filing deadline request. mr. levin: i withdraw that request. the presiding officer: it is withdrawn. the clerk will report lieberman amendment. cloim the senator from michigan proposes amendment 3090 as modified.
durbin: reserving the right to object. does this apply to second-degree amendments? mr. levin: if there is an amendment filed by 7:30 it could be in the second degree, but it has to be filed tonight by 7:30. the presiding officer: the senator from arizona. mr. kyl: if i would indulge my colleague, apparently there are two people on our side, i would ask if our colleague could withhold that request for the time being and also ask is it not possible if amendments, further amendments can be worked...
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zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more extensive one in terms of entitlement cuts. i think it was up to $2 trillion. that was going to be really difficult for the democrats then. now you're talking $400 billion over ten years. $40 billion a year. these things have to happen. the question is will they happen in the next two weeks. this is where the republicans simply are in a weak position. if we go to january 1st and the dynamic is everything is going up because the republicans will not agree to taxes on the rich, i cannot see how that is a politically winning hand or an economically winning hand. >> we don't know all the
zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more...
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we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report. someone else came to the white house hat must have been an extraordinary moment. mitt romney and obama get together. for me it's awkward that they had the meeting at the white house. was that mean? shouldn't they have don't at a tgif. neutral ground? not to rub his nose in the place that he wanted to live. >> reporter: given romney's finances, -- he came here, he left without talking to reporters. we are digging for details on how it went. the white house insists they were trying to be open and courteous to mitt romney. show the peaceful transfer -- there is no violence. the race was hard fought. mr. obama won, in romney moves on and mr. romney also sat
we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report. someone else came to the white house hat must have been an...
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meeting with regional leaders and vie taken the step of joining with several of my colleagues, senators durbin and boessman and others introducing today an amendment to the defense authorization act that would impose sanctions on individuals, leaders and countries that provide material support to m23. watchers, listenering might wonder why this is an important matter. a huge conflict in eastern c no go that took 5 million lives in last decade and it's vital we take strong steps in supporting the u.n. security council resolution that calls for m23 to withdraw from goma and negotiate a path forward that reduces tensions and violence in the critical part of the eastern congo. >> senator, thank you very much. thank you for your attention to a subject that doesn't get enough attention in washington. >>> republican leaders have put revenues on the table but waiting on president obama to give and offer something up on ballooning federal retirement programs like medicare. the author of "tap dancing to work," a collection she's updated and expanded on the best buffett articles fortune published between
meeting with regional leaders and vie taken the step of joining with several of my colleagues, senators durbin and boessman and others introducing today an amendment to the defense authorization act that would impose sanctions on individuals, leaders and countries that provide material support to m23. watchers, listenering might wonder why this is an important matter. a huge conflict in eastern c no go that took 5 million lives in last decade and it's vital we take strong steps in supporting...
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senator durbin? >> thank you, senator reid. we can debate at length whether the november 6th election was -- >> comments from the senate majority leader, harry reid. essentially saying the exact same thing that speaker boehner did except mr. reid chiding republicans, if you will, saying we're still waiting on a serious offer from the republicans. just a few moments ago, as you did hear live on cnbc, it was speaker boehner saying democrats have yet to get serious. you can continue to watch the comments from senator durbin, senators schumer and murray are also there as well, likely to speak. you can continue to see that as you see at the bottom of your screen on cnbc.com. >>> let's head down to capitol hill and our own eamon javers. i know you keep saying this is a negotiating tactic being used by both sides. it seems as though the markets and the investing public are the ones being held hostage. >> reporter: absolutely. they must feel that way up there on wall street. i can tell you in washington terms, this is a little bit of e
senator durbin? >> thank you, senator reid. we can debate at length whether the november 6th election was -- >> comments from the senate majority leader, harry reid. essentially saying the exact same thing that speaker boehner did except mr. reid chiding republicans, if you will, saying we're still waiting on a serious offer from the republicans. just a few moments ago, as you did hear live on cnbc, it was speaker boehner saying democrats have yet to get serious. you can continue to...
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dick durbin knows that. the liberal democratic senators signed off on the simpson-bowles proposal but right now he is saying i don't want to do that as part of the fiscal cliff solution. let's take off until next year. dennis: thank you for being with us. cheryl: fiscal cliff survival kit. today it is your home addition. new talk but washington made do away with the tax break for home mortgage deduction or change the calculation and hit high income earners. the managing partner of mortgage banking solutions joins me from austin, texas with his fiscal cliff survival tips. thank you for being with us on our series this week. you say we are thinking of buying a home right now we should do it. why? >> interest rates at the lowest, affordability index at the highest, great time to buy, people are buying and we're seeing bottom form because of investors' coming in and picking the property, that has been displaced, get in and buy now, you not see this for decades. cheryl: i will lose mortgage interest deduction, th
dick durbin knows that. the liberal democratic senators signed off on the simpson-bowles proposal but right now he is saying i don't want to do that as part of the fiscal cliff solution. let's take off until next year. dennis: thank you for being with us. cheryl: fiscal cliff survival kit. today it is your home addition. new talk but washington made do away with the tax break for home mortgage deduction or change the calculation and hit high income earners. the managing partner of mortgage...
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a day after dick durbin number two democrat said we shouldn't talk about entitlements in the fiscal cliff deal. i'm hearing from senate leadership aides who are saying it's the republicans' job to put entitlements on the table. we don't want to negotiate with ourselves. we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the president from his event yesterday. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. >> so he's got his outreach to middle class americans. we saw him meeting with business lea
a day after dick durbin number two democrat said we shouldn't talk about entitlements in the fiscal cliff deal. i'm hearing from senate leadership aides who are saying it's the republicans' job to put entitlements on the table. we don't want to negotiate with ourselves. we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin...
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and so, as a champion of that fair shake i'm excited to have senator durbin. [applause] >> neera, thank you very much for those kind words your elections as you say have consequences. politics is driven by a lot of things. candids that money -- [inaudible] the center has been at the forefront of that effort to make sure that progressive ideas backed up by more than just -- but arguments of mind. thank you for doing that. i don't know what we do without you. it's an honor to be here with you. she was right. i've been involved in a lot of gang activity. i got to come clean with you. it started with harry reid of when you get to the simpson-bowles commission. 18 members. i thought this was another commission whose product will be lost in history. buried in some hard drive. but it turned out to be a historic effort and the game changer. mainly through the good work of erskine bowles and alan simpson. but hard work that was put into this bite 18 members, evenly divided among house and senate, democrats and republicans. the 11th of us voted for the final work produc
and so, as a champion of that fair shake i'm excited to have senator durbin. [applause] >> neera, thank you very much for those kind words your elections as you say have consequences. politics is driven by a lot of things. candids that money -- [inaudible] the center has been at the forefront of that effort to make sure that progressive ideas backed up by more than just -- but arguments of mind. thank you for doing that. i don't know what we do without you. it's an honor to be here with...
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durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say? they say, he got his foot in his mouth. i say, i have done it more. we have got to be who we are and take the stuff. >> the best part about spending the last two years on the road with this american treasurer is we have gone to see liberal groups, conservative groups, business people, ordinary citizens, every stripe you can imagine, we have had a chance to talk to. we have had a chance to educate a lot of people about what the real problem is. i think you are right. there has been no punishment. i think people are ahead of politicians. that often happens. if they appreciate anything about what al and i have done, it is that we have been honest with th
durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say? they say, he got his foot in his mouth. i say, i have done it more. we have got to be who...
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remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to get republicans more comfortable with raising taxes including raising rates. i don't think there's a scenario where the rates don't go up on people making over $250,000. and democrats have to get more comfortable with entitlement changes. but at the end of the day, obama can deliver democrats. and i think boehner's stronger today than he was three months ago, and he could deliver more republicans than he could of them. >> on that question of taxing the wealthy, you alluded to it in a comprehensive piece that you and mike allen wrote, everybody ought to read it at "politico" today. y
remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to...
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here's what senator dick durbin said yesterday on "starting point." >> entitlements need to be part of the long-term strategy but do it in a thoughtful way. i don't want to see major changes decided in the heat of the moment. let's get through the fiscal cliff, find a way to avert it. but at the end of the day treat it as the important program it is for so many millions of americans. >> eric, if we get a deal, how much kicking of the can down the road do you think that deal will inclu include? >> i think it will include significant kicking the can down the road which is why they should kick the entire deal down the road and deal with it together. we know it won't from happen history. we have had 18 of these since 1981. more than half of the time they said they needed a deal with medicaid, medicare, social security. now we have the affordable care act as well. they never want to deal with it. meantime the debt is $16 trillion. >> thanks for joining us this morning. we appreciate it. >>> 33 days until the fiscal cliff. we just keep talking about this. while politicians try to sell their
here's what senator dick durbin said yesterday on "starting point." >> entitlements need to be part of the long-term strategy but do it in a thoughtful way. i don't want to see major changes decided in the heat of the moment. let's get through the fiscal cliff, find a way to avert it. but at the end of the day treat it as the important program it is for so many millions of americans. >> eric, if we get a deal, how much kicking of the can down the road do you think that...
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. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white house officials said the president will send treasury secretary timothy geithner and legislative chief rob nabors to the capitol tomorrow, to meet with congressional leaders. >> warner: online, we have a primer explaining how the fiscal cliff might affect you. still, to come on the "newshour": debating palestinian status at the u.n.; reading the fine print; tackling immigration reform and re-purposing digital data gathered during the campaign. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: wall street tracked the ups and downs of the fiscal cliff drama in washington today. at one poin
. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white...
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we have leading senators like senator durbin who has the courage to deal with these issues. he was on the simpson-bowles committee who said that we can't deal with those now in the dealing with the fiscal cliff, we need to put that off into the future. my experience is what you put off to the future never happen here. >> i hope we can get a deal. >>> me too. >>> great to see both of you. john let me start with you. cornyn is pessimistic, but the markets are up today, despite the glum faces we have seen. cornyn has said he's pessimistic, is he willing realistic or do you think we're going to get a deal? >> i think he's being a strategic scrooge. he's saying we need a balanced plan, but the president's not dealing with entitlealment reform and cuts. to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don'
we have leading senators like senator durbin who has the courage to deal with these issues. he was on the simpson-bowles committee who said that we can't deal with those now in the dealing with the fiscal cliff, we need to put that off into the future. my experience is what you put off to the future never happen here. >> i hope we can get a deal. >>> me too. >>> great to see both of you. john let me start with you. cornyn is pessimistic, but the markets are up today,...
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the president and the democrats, they will not -- dick durbin, harry reid, nancy pelosi, they're saying no to entitlement reform. if we don't get entitlement reform, it's a bad thing. don't you see it that way? >> two things the president is talking i don't see. one is increasing tax rates on individual taxpayers. that's not going to fly. i've never supported a tax increase rate-wise and i'm not going to. secondly, we're not going to discuss revenues until they're willing to put entitlement reform on the table. entitlement reform is tough for republicans, because it's valuable programs we're talking about, but they're sacrosanct for the democrats. you can't have everything you want. it's hunt on th incumbent on tht to come forward and say we'll put entitlements on the table in a big way, and he's not doing that. i was disappointed to hear my colleagues in the senate say yesterday that, well, you know, you give us the revenues, and then we'll talk about entitlement reform later. ain't going to happen. ain't going there. >> sean: some democrats have said the republicans will get the blame
the president and the democrats, they will not -- dick durbin, harry reid, nancy pelosi, they're saying no to entitlement reform. if we don't get entitlement reform, it's a bad thing. don't you see it that way? >> two things the president is talking i don't see. one is increasing tax rates on individual taxpayers. that's not going to fly. i've never supported a tax increase rate-wise and i'm not going to. secondly, we're not going to discuss revenues until they're willing to put...
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senator durbin said other day, may i remind my republican friends they were piling up trillions of dollars in debt, making no mention of the fact that the president has done the same. conversely republicans getting high and mighty at the president for reckless spending when they were pretty good at it. i think it is fair to say we're in the pickle we're in abuse both parties contributed to it. pass star, -- pastor, they don't get past that. i don't think a deal is constructed because they play these ridiculous games. >> one of the key things you do in a deadlock you have to get small wins. small wins starts the momentum going. you start moving forward. you will not get the big win on first day. neil: give me an example of a small win? >> i don't know. i would say find something you can agree on. look at that this all americans essentially want the same thing. what we disagree on the methodology and how to get there. everybodwants their family to grow up safe. everybody wants their kids to be healthy. everybody wants to prosper, have a job. everybody wants to be free. everybody wants our na
senator durbin said other day, may i remind my republican friends they were piling up trillions of dollars in debt, making no mention of the fact that the president has done the same. conversely republicans getting high and mighty at the president for reckless spending when they were pretty good at it. i think it is fair to say we're in the pickle we're in abuse both parties contributed to it. pass star, -- pastor, they don't get past that. i don't think a deal is constructed because they play...
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middle but he kind of straights from the left and what i fully anticipate is there's a reason why dick durbin, who was his senate partner from oil know, is saying which they went to 100% tax rate on million favors and people making above 250,000, it still isn't going to close the gap that exists. lfr maybe the the pie larger. >> let's be very clear, though, the president has already signed into law more cuts than were in the simpson-bowles proposal, he's proposed additional cuts in the 2013 budget he's proposed. to say he hasn't put cuts on the table is completely disingeneralsous. >> karen is making president obama out to be a tight fisted spending cutter. you followed the fiscal beat? >> do you regard president obama as a tight-fisted spending cutter? >> it's somewhere in between. he did sign a cap that would save a trillion dollars over the next would you mean of years. but thens other side of it is that we need about $4.9 trillion of savings over the next year to stabilize grashio, or cutting spending to medicare crieders. you actually do need to take on and storm reforming or we're going
middle but he kind of straights from the left and what i fully anticipate is there's a reason why dick durbin, who was his senate partner from oil know, is saying which they went to 100% tax rate on million favors and people making above 250,000, it still isn't going to close the gap that exists. lfr maybe the the pie larger. >> let's be very clear, though, the president has already signed into law more cuts than were in the simpson-bowles proposal, he's proposed additional cuts in the...
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on tuesday, senator dick durbin flatly declared entitlement reform should not be on the table. yesterday, top white house officials also met with leading liberal groups, from labor unions to moveon.org. with one attendee telling the "washington post" they expect the taxes to go up on the wealthy and to protect medicare and medicaid benefits. they feel confident they don't have to compromise. pressed today on whether the spending cuts are kicked down the road, white house spokesman jay carney was noncommittal. >> you are not having any spending cuts now. you want to do spending cuts next year; is that a fact? >> no. it's not a fact. these are all parts of aspects of the conversations that are ongoing. >> some republicans are pushing boehner an other leaders to accept an extension of the middle class cuts to avoid the white house blaming them for crash over taxes on the rich. >> everybody is waiting for schedule to go up. unless we fix that paradoxically. president obama becomes defender of the bush tax cuts for 98% of the people. he is no such thing. >> the president is seething
on tuesday, senator dick durbin flatly declared entitlement reform should not be on the table. yesterday, top white house officials also met with leading liberal groups, from labor unions to moveon.org. with one attendee telling the "washington post" they expect the taxes to go up on the wealthy and to protect medicare and medicaid benefits. they feel confident they don't have to compromise. pressed today on whether the spending cuts are kicked down the road, white house spokesman jay...
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as you all know, friends of dick durbin and friends of the former first president bush, they were virtually whitewashed out of e-- out of the picture in that period of time include big the first president bush's son, which i owls thought was sort of sad because i've come to admire the service of president george h.w. bush. so that bit of reminiscence, i'll just turn it over but i do think, i agree that it's harder now, hard for me to see something serious coming together except for the fact that something has to happen, and i feel a little more optimistic than i did preelection but we can talk about why that is. >> before joe, i wanted to jump in. i forgot to mention the most important part of joe's resume, he's also an adjunct professor at george mason university. >> i was just about to correct you on that, paul. thank you, jackie. that was interesting. never sat at a dais before, especially not in the chairman's seat. this is pretty cool. let me try to give you -- i have 12 lessons that i've wren down but i should note at the outset i was not at an truse, though i was working on the hill
as you all know, friends of dick durbin and friends of the former first president bush, they were virtually whitewashed out of e-- out of the picture in that period of time include big the first president bush's son, which i owls thought was sort of sad because i've come to admire the service of president george h.w. bush. so that bit of reminiscence, i'll just turn it over but i do think, i agree that it's harder now, hard for me to see something serious coming together except for the fact...
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. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order. i don't see republicans supporting something up here that deals with taxes that doesn't have entitlement reform incorporated into that. so i think right now we're a little bit of a standoff, but the way to solve this would be of course to extend the existing tax rates which is by the way something
. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the...
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dick durbin, number two senate democrat and close to the white house and gave a speech yesterday about the entitlement aspect. medicare, medicaid. the entitlement aspect and basically said we don't want entitlements to be part of the immediate talks january 1st but think as democrats they should be part of longer terms talks for next year. i'm just wondering, is there a sense from the white house among democrats of what it is they're prepared to give in on on terms of entitlement? >> not enough to satisfy the republicans, this's for sure. they say up here they have seen nothing. unfortunately, the few people who are beginning to even talk about the need for eventual compromise like a tom cole, like a dick durbin are quickly getting smacked down here, particularly on the republican side. that congressman just got a spanking from john boehner in front of his caucus today so there's -- doesn't seem to be any movement in that direction. i was at a breakfast with bowles and simpson this morning and erskine bowles saying he think there is's a 1 in 3 chance of this working out before the fisc
dick durbin, number two senate democrat and close to the white house and gave a speech yesterday about the entitlement aspect. medicare, medicaid. the entitlement aspect and basically said we don't want entitlements to be part of the immediate talks january 1st but think as democrats they should be part of longer terms talks for next year. i'm just wondering, is there a sense from the white house among democrats of what it is they're prepared to give in on on terms of entitlement? >> not...
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. >> david, there's also hand wringing over what senator dick durbin said in the speech at the center for american progress and we have this, dick durbin, not what he said but didn't say and preparled remarks he said progressives should be willing to talk about ways to ensure the long-term viability of the social security, medicare and medicaid but those conversations should not be a part of a plan to avert the fiscal cliff and prepared remarks. he didn't say that in the speech. you have a lot of republicans on the -- excuse me, democrats on the left greatly concerned about what will happen to medicare and quite honestly not ready to put that conversation on the table. >> well, i think that's correct. you're speaking about a certain percentage of democrats. i would include in that list bernie sander who is sent out an e-mail blast today saying medicare, medicare and social security should all be off the table. now, in reality, i think social security really can be and should be off the table because it's not a contributor to the federal deficit. it's well funded for decades ahead but
. >> david, there's also hand wringing over what senator dick durbin said in the speech at the center for american progress and we have this, dick durbin, not what he said but didn't say and preparled remarks he said progressives should be willing to talk about ways to ensure the long-term viability of the social security, medicare and medicaid but those conversations should not be a part of a plan to avert the fiscal cliff and prepared remarks. he didn't say that in the speech. you have...
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megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton era tax rates. i mean that just doesn't strike me as radical redistribution. you can argue about whether or not you think those tax rates should go up because of how it may affect the recovery, but to suggest that it's somehow stealing from the rich to give to the poor, we are talking about 3 or 4% average points in the tax code. i think this is really over blown. and i'd also say when jfk was president we didn't have the kind of income inequality that we have today. it is so much greater and getting so much greater every year that i think if he was alive today that he would be exactly where most democrats are on this issue with what senator durbin said
megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton era tax rates. i mean that just doesn't strike me as radical redistribution....
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brown of ohio, lieberman, stabenow, cantwell, schumer, durbin, mr. johnson of south dakota, bennet, blumenthal, whitehouse, and collins be add as cosponsors to my amendment number 2985. the presiding officer: without objection, so ordered. mr. udall:man, i yield the floor. -- mr. president, i yield the floor and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: without objection, senator from michigan is recognized. mr. levin: i ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. the clerk will call the roll on the amendment. vote: vote: vote: the presiding officer: are there any other senators in the chamber who desire to vote or to change their vote? if not, the yeas are 62, the nays are 37. the amendment is agreed to. a senator: i move to reconsider. the presiding officer: without objection, so ordered. the senator from michigan is recognized. mr. levin: mr. president, i would now ask unanimous consent that we proceed
brown of ohio, lieberman, stabenow, cantwell, schumer, durbin, mr. johnson of south dakota, bennet, blumenthal, whitehouse, and collins be add as cosponsors to my amendment number 2985. the presiding officer: without objection, so ordered. mr. udall:man, i yield the floor. -- mr. president, i yield the floor and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: without objection, senator from michigan is...
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>> well, i think you have people, thoughtful members like my old bass, senator dick durbin, saying that everything is on the table but without being specific about it, because they'll do that behind closed doors as they should, frankly. so, yes, i think the left has a tacit sort of acknowledgment that, yes, in fact, there are going to be some painful things that we have to swallow on the left-hand side of the aisle. we should. if the right's going to separate increases, we should accept certain things like testing, et cetera, because at the end of the day this is about compromise. this is also very much, thomas, about the president's ability to show leadership. you hear the republicans harp on and on about obama not showing leadership. they did it before the campaign, during the campaign, and now they're saying, mr. president, we need you to show some leadership. accept tax rate increases without forcing his own party to accept other things on our side. both sides have to share the pain to get the budget balanced and promote this theory of economic fairness. that's what he's doing out t
>> well, i think you have people, thoughtful members like my old bass, senator dick durbin, saying that everything is on the table but without being specific about it, because they'll do that behind closed doors as they should, frankly. so, yes, i think the left has a tacit sort of acknowledgment that, yes, in fact, there are going to be some painful things that we have to swallow on the left-hand side of the aisle. we should. if the right's going to separate increases, we should accept...
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. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of annual federal spending. that means the white house to dough if i liberal democrats or >> the p enrage republicans. ted to thesident is very committed to the proposition itht we can deal with these challenges if we come together oach.dopt a balanced approach. >> i may sound glib what i'm about to say but this white house is really serious about an issuewhen it goes to twitter. anew white house hash tag on preserving the middle class tax preserving. that's $2,000, average amount that taxes would rise if the bush era texas cuts are not ttended. eek white house plans to hammer its issue all week, believing it wil
. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of...
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and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to be down nearly 40 points. of we have this fiscal cliff and it's a deadline, the tax increases and more huge spending cuts it seems like the two sides are on impasse it looks likes it's shifted to entitlement reform or cuts and no serious movements in the negotiations and check the big board, the opening trenddis down and we're looking for a 40 point loss when things get moving. i've always said that green mountain coffee, a great day trader's stock, huge volume in the
and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a...
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durbin never said those remarks. he left that out. he later said he stood by those comments, and he did argue that medicare shouldn't be part of any up front down payment on the debt but part of the next year's long longer term negotiation. now while the short term talk to republicans may be tough, the longer term message to liberals is clear. entitlements in some form or fashion will need to be on the table. that means medicare. and a new "washington post"/abc poll shows just how politically tough making any changes to medicare will be. across party lines respondents said they are opposed to increasing the medicare eligibility age to 67. overall, a familiar number, 67% oppose any change in the eligibility age. just 30% would support a rise in it. one more thing that's become very clear. democrats will extract a deal -- they would like to he can tract a deal object the debt ceiling during negotiations on the fiscal cliff. and apparently in the conversations that the president had with the house republican leadership, house republicans
durbin never said those remarks. he left that out. he later said he stood by those comments, and he did argue that medicare shouldn't be part of any up front down payment on the debt but part of the next year's long longer term negotiation. now while the short term talk to republicans may be tough, the longer term message to liberals is clear. entitlements in some form or fashion will need to be on the table. that means medicare. and a new "washington post"/abc poll shows just how...
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durbin: madam president? the presiding officer: the senator from illinois. mr. durbin: madam president, the minority leader, senator mcconnell, has addressed two issues, the entitlement programs as well as rules changes smed i would tweefe defer to my colleao discuss the rule changes. i would respond to senator mcconnell on entitlements. there is to question that as a senate and house of representatives we should address the longevity and solvency of social security and medicare. it should be part of our conversation about the deficit facing this country and the debt of our nation. but the way we approach it the changes we make are significant and should be looked at carefully. on the issue of social security, i might remind those following this debate, the answer from the republican side for years was "privatize social security; get government out of the business of retirement; let individuals take their investmen retirementt it." that happened when people saw their life savings evaporate as a result of downturns in the stock market. they started envisioning wh
durbin: madam president? the presiding officer: the senator from illinois. mr. durbin: madam president, the minority leader, senator mcconnell, has addressed two issues, the entitlement programs as well as rules changes smed i would tweefe defer to my colleao discuss the rule changes. i would respond to senator mcconnell on entitlements. there is to question that as a senate and house of representatives we should address the longevity and solvency of social security and medicare. it should be...
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>> i saw a statement from senator dick durbin generally considered on the left of his party, he's saying, nobody should be so naive as to believe that just taxing the rich will solve our problems. he's telling the left that entitlement cuts must be part of any deal. that put him outside of what i have been hearing from the unions, mainstream democrats and the president. maybe that is a slight chink in the democrats' armor, if you like. maybe they will consider entitlement cuts. maybe he means next year after you work out tax changes now. bill: that's the way i heard it. get the changes before the first of the year then worry about reform in the coming year. on top of that there is a debt ceiling issue to tackle. steve forbes said go ahead and get a 90-day extension, take it into 2013. >> can you put together a complex agreement dealing with tax, spending cuts, debt ceiling, can you do all of that in a mere 30 days or do you take the steve forbes route, kick the can down the road. i'm not sure the vote terse would tolerate kicking the can and not dealing with it again. thank you, stuart.
>> i saw a statement from senator dick durbin generally considered on the left of his party, he's saying, nobody should be so naive as to believe that just taxing the rich will solve our problems. he's telling the left that entitlement cuts must be part of any deal. that put him outside of what i have been hearing from the unions, mainstream democrats and the president. maybe that is a slight chink in the democrats' armor, if you like. maybe they will consider entitlement cuts. maybe he...
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durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something out here from the executive, the chief executive, that being the president and the leaders of both sides whether it be boehner and whether he can control his side of things and/or reid in the senate and whether we see moderates step up to try to get something done. i'm not willing to say as you seem to be that w
durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing...
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. >> stephanie: senator durbin said this yesterday. >> we're not going to find ourselves in some big party and then turn around and have a doomsday scenario as a debt ceiling. >> stephanie: are we or are they going to do some temporary fix and kick the can down the road? >> caller: well, i hope the debt ceiling is a part of it. the spending cuts, the across the board cuts, the so-called sequester, i think that will get kicked down the road. right now we can't afford to have significant reduction that will impede the economy. i think we need to take a little bit more careful approach to those kinds of cuts if we're going to talk about 1 trillion-dollar over ten years. so i suspect that can will get kicked down the road, but the tax rates really should be dealt with right now. they're easy to deal with. the debt ceiling should really be, that's one of those other things we can create a crisis unnecessarily. this country is not going to basically deny it's debt. >> stephanie: right. >> caller: so anyway, i think we can do it. i think saner heads might prevail. i just left a meeting with
. >> stephanie: senator durbin said this yesterday. >> we're not going to find ourselves in some big party and then turn around and have a doomsday scenario as a debt ceiling. >> stephanie: are we or are they going to do some temporary fix and kick the can down the road? >> caller: well, i hope the debt ceiling is a part of it. the spending cuts, the across the board cuts, the so-called sequester, i think that will get kicked down the road. right now we can't afford to...
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senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative is kind of republicans will put taxes on the table, democrats will put entitlements on the table. and i talked to
senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the...
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we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a second set now. there was a thread going through the debate that the country was having and that thread was around having a balanced plan to address america's fiscal challenges. there are serious fiscal challenges that we do need long term -- deficit reduction -- that is important to america's credibility. it is important for america's economy and economic growth. that plan has to be balanced, and that means significant revenues and that paying has to go around. that means the wealthy and well- off have to pay their fair share as well. these should not be new issues. they are ones that wer
we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a...
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i would agree with senator durbin absolutely. i'll give you a reform in medicare i think democrats would support. and that is looking at prescription drugs. and making it more competitive. >> bill: amen. >> or really crackening down on the fraud that takes place through the medical devices which is not with individuals cheating medicare. they're fictitious businesses set up that rob medicare of billions of dollars every year. so it's not as though changes to entitlement programs are completely off the table. it is the structural breaking of the guarantee that should be off the table. >> bill: isn't it interesting when president obama did identify $716 billion in fraudulent billing on the part of insurance companies and cut that out that they accused him of cutting benefits in medicare. >> well because what benefits were they concerned about. the benefits to big businesses. >> bill: exactly. congresswoman karen bass in studio with us. we'll welcome your calls and comments at 1-866-55-press. the "full court press" continues in just
i would agree with senator durbin absolutely. i'll give you a reform in medicare i think democrats would support. and that is looking at prescription drugs. and making it more competitive. >> bill: amen. >> or really crackening down on the fraud that takes place through the medical devices which is not with individuals cheating medicare. they're fictitious businesses set up that rob medicare of billions of dollars every year. so it's not as though changes to entitlement programs are...
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same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor t
same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he...
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dick durbin gave the encouraging quote. everything should be on the table. we have to get ourselves out of i had to read it three times because he is number two ranking democrat. and i read behind the scenes, it is a disaster in terms of negotiations moving forward . the word they are using is pathetic about the lack of progress. >> steve: logger heads. >> gretchen: which is what i am talking about. this is the quote that steve hayes brought up on the special report on fox news. when president obama was first elected he talked about how to bring down the deficit and campaign promise to cut it in half and he would do it by focusing on entitlement reform. >> steve: there is the national debt right now. >> gretchen: why doesn't he bring the people to the table and say dick dishin. let's put it all on the table and let's talk about them instead of going out on air force one and getting people to use twitter >> chris: the american society of pensional they have a warning called. if congress does change yourr tax rate, there is a possibility that you might have bi
dick durbin gave the encouraging quote. everything should be on the table. we have to get ourselves out of i had to read it three times because he is number two ranking democrat. and i read behind the scenes, it is a disaster in terms of negotiations moving forward . the word they are using is pathetic about the lack of progress. >> steve: logger heads. >> gretchen: which is what i am talking about. this is the quote that steve hayes brought up on the special report on fox news....
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. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a function of what the government does. if you look at the volatility markets, i think it's incredibly interesting. the market is being very rational. the vix is really a function of liquidity. liquidity in the system is incredibly stable. the markets are -- that will significantly drive higher levels, if you look at ted spreads and where bank funding is. that's the real significant spikes index, so you need to be careful to hedge your portfolios right now. but right now, the markets, the s&p markets are really pricing in a very range bound market through januar
. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a...
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. >> senator durbin is suggesting the debate over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had snow, for sure, but right now we certainly don't. this has all moved offshore. this was just the rain, but what was left behind? actually black ice there this morning. places like new jersey, six inches of snow. chester, new jersey, five. you can see sunbury, pennsylvania, three. 2 1/2 in mill brooke. the hudson valley and portions of connecticut are seeing black ice as a factor. take it slow, especially the elevated surfaces with temperatures so cold. story number one. story number two, a mammoth storm, this is the water vapor. what you need to see with this is look at this huge
. >> senator durbin is suggesting the debate over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with...
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joining us, dick durbin, assistant majority leader, the senator from illinois. senator, thanks very much for coming in. we just heard from grover norquist, several republicans on capitol hill this week have said they would consider defying his pledge but for some of them, raising revenue just means getting rid of loopholes or capping some deductions, not raising tax rates or letting tax cuts expire. is that good enough? >> well, i can tell you the president has set a goal, $1.6 trillion in revenue or taxes over the next ten years. that's about 40% of the $4 trillion deficit goal that we have. that's the same thing that simpson-bowles had, 40% revenue. so the only way you can reach that, incidentally, is to allow the rates to go up. just this idea of we're going to take a look at the tax code, change some credits and deductions, you can't come up with enough money. >> so any deal will have to include at least some hike in the tax rate. >> i don't think there's any other way to approach it. that's why the president has taken this position. if we're going to make s
joining us, dick durbin, assistant majority leader, the senator from illinois. senator, thanks very much for coming in. we just heard from grover norquist, several republicans on capitol hill this week have said they would consider defying his pledge but for some of them, raising revenue just means getting rid of loopholes or capping some deductions, not raising tax rates or letting tax cuts expire. is that good enough? >> well, i can tell you the president has set a goal, $1.6 trillion...
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senator dick durbin. a little more specific today. he said progressives, that would be you and me, should be willing to talk about ways to ensure the long-term viability of medicare and medicaid but those conversations should not be part of a plan to avert the fiscal cliff. democrats are prepared to discuss reforms to medicare and medicaid, but not right now. fox news tried to get budget committee chair member congressman chris van hollen to agree to the changes. van hollen stood firm. >> if you prolong the program, people are living longer, isn't that age outvoted? >> there are a lot better ways to have doing it? >> you're not willing to change the age? >> no. because there are much better ways of dealing with medicare costs. >> it's just so heart warming that somebody on fox news thinks i'm going to live a little longer. social security is off the table. white house press secretary jay kearney kiss missed any changes saying it's not, it is not the driver of the deficit. this is a step in the right direction for more than 55 million
senator dick durbin. a little more specific today. he said progressives, that would be you and me, should be willing to talk about ways to ensure the long-term viability of medicare and medicaid but those conversations should not be part of a plan to avert the fiscal cliff. democrats are prepared to discuss reforms to medicare and medicaid, but not right now. fox news tried to get budget committee chair member congressman chris van hollen to agree to the changes. van hollen stood firm. >>...